📚 Learning Guide
Market Failures and Government Role
easy

Which of the following is an example of a public good that the government typically provides?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

National Defense

B

Private Security Services

C

Restaurant Meals

D

Luxury Cars

Understanding the Answer

Let's break down why this is correct

Answer

A public good is something that everyone can use, and one person's use doesn't stop someone else from using it too. An example of a public good that the government typically provides is national defense. When the government protects the country from threats, everyone benefits from this safety, whether they pay taxes or not. Because private companies might not find it profitable to provide defense, the government steps in to ensure that everyone can be safe without anyone being excluded. This shows how government involvement can help avoid market failures, where private markets might not supply essential services.

Detailed Explanation

National defense is a public good. Other options are incorrect because Some might think private security helps everyone like national defense; People might confuse restaurant meals as a public good.

Key Concepts

public goods
Topic

Market Failures and Government Role

Difficulty

easy level question

Cognitive Level

understand

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